Fuel Fix

The Texas City Refinery is shown in March 2005. The facility now belongs to Marathon Petroleum. (AP file photo/Tony Gutierrez)

Minor leak reported at BP’s Texas City plant

A Texas City BP plant is reporting a minor chemical leak today.  More »
The State Department's Carlos Pascual says proposed transparency rules would create a more level playing field. Energy companies, however, say the rules would be expensive to follow and would force them to reveal confidential contractual data. Photo: Melissa Phillip / © 2012 Houston Chronicle

Official touts energy transparency rules

Proposed transparency rules for energy companies working overseas would boost competition and begin a worldwide change in how the companies operate outside their home countries, a senior State Department official with an energy focus said in Houston.  More »
BPsign

BP sells North Sea gas assets to Perenco UK

Oil company BP says it is selling some of its gas assets in the North Sea to Perenco UK for $400 million.  More »
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Petrobras America sues over broken chain on Gulf oil system

Petrobras America Inc. (PETR4) sued marine chain-maker Vicinay Cadenas SA for at least $180 million over losses allegedly caused by a broken chain that let parts of a floating oil production system sink and drift away in the Gulf of Mexico last year.  More »
Steam rises from stacks at the ConocoPhillips refinery  in Rodeo, Calif. (Justin Sullivan/Getty Images)

EPA to reduce new power plants’ carbon pollution

The Obama administration will press ahead on Tuesday with the first-ever limits on heat-trapping pollution from new power plants, ignoring protests from Republicans who have said the regulation will raise electricity prices and kill off coal, a dominant U.S. energy source.  More »
(AP Photo/Ed Andrieski)

Gas drilling rigs decline in Pa. and nationwide

The number of gas drilling rigs is declining in Pennsylvania and nationwide, due to a combination of low natural gas prices and renewed interest in oil.  More »
The Cushing, Okla. pipeline hub.

Enbridge venture plans oil pipes to Gulf as Keystone blocked

Enbridge (ENB) Inc., the biggest Canadian pipeline company, and Enterprise Products Partners LP (EPD) plan to expand shipments from the northern U.S. to the Gulf Coast as supplies increase from Canada’s oil sands and the Bakken shale in the Northern Plains.  More »
(AP file photo)

Kenya says four exploratory oil wells to be drilled in 2012

The government of Kenya, which yesterday announced its first oil discovery, expects four exploratory wells to be drilled in the country this year.  More »
(Image: SunPower)

Environmentalists sue feds over CA solar project

Three environmental groups have sued the federal government over its handling of a solar project in the Mojave Desert, saying it will harm the desert tortoise and its habitat.  More »
Federal Reserve Chairman Ben Bernanke answers a question from National Press Club president Mark Hamrick. (AP photo)

Oil hovers above $107 on Bernanke comments, Iran

Oil prices hovered above $107 a barrel today after Federal Reserve Chairman Ben Bernanke suggested that the U.S. central bank would continue its policy of low interest rates to help spur job creation and economic growth.  More »
(Photo: Matt Churchill/Flickr)

Senate launches debate on oil industry taxes and gasoline prices

The Senate on Monday launched a high-profile debate on a Democratic plan to block the nation’s five biggest oil companies from taking advantage of a suite of tax breaks.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Environmentalists challenge trade secret protections for hydraulic fracturing

Environmentalists say Wyoming regulators are improperly approving oil and gas companies’ “overly broad,” boilerplate requests to shield information about the chemicals they use in drilling operations, despite a state regulation requiring the disclosure.  More »